Key earnings releases. Siemens, Cigna, Fast Retailing, Enbridge, BMW, Adidas, Crédit Agricole, Macquarie...

 

  • Credit Agricole: earnings rose sharply in Q1. This is the group's best quarter since 2012.
  • Cigna raised its annual profit and revenue targets after a better-than-expected first quarter, relying on its Evernorth healthcare services business to drive growth amid COVID-19 uncertainty. In pre-market trading, the stock gained 0.8%.
  • Adidas: the German group raised its 2021 targets after the publication of its first quarter results.
  • AIG: the stock drops slightly after the session, following the release of Q1 results.
  • Beyond Meat: another disappointment on the group's results, whose share price fell by 7% after the session.
  • BMW: the carmaker confirmed its 2021 ambitions but warned that the rest of the year will probably be volatile.
  • Enel: the Italian energy company saw its revenues fall by 14.4% in Q1, which cut its net profit by 5.7%, which nevertheless reached €1.17bn.
  • International Consolidated Airlines: the parent company of British Airways and Iberia reported an operating loss of €1.1bn in Q1, in line with expectations.
  • Peloton Interactive: the good quarterly results give back some colour to the stock, which was severely attacked the day before yesterday after the affair of the dangerous treadmills.
  • Leonardo: the Italian electronics and defence group was slightly in the red in the first quarter, but sales are up and new orders are solid.
  • Siemens: on the sidelines of its Q1 results, the group raises its 2021 guidance.
  • Square is gaining 3.4% in pre-market trading after reporting quarterly profit on Thursday that was well above market expectations, as strong demand for bitcoin fueled a surge in cryptocurrency transactions on its Cash App payment service.
  • Peloton Interactive said Thursday that its quarterly revenue more than doubled in the first quarter, but estimated that a recall of its treadmills, which have been blamed for several household accidents and the death of a child, would result in about $165 million less revenue in the current quarter. The stock gained 6.6% in pre-market trading.
  • Pfizer and BioNTech deem patent release on Covid vaccines unnecessary.
  • International Business Machines unveils new energy-efficient miniature chip.
  • Ericsson ends patent dispute with Samsung.
  • Activist fund Sherborne sold its stake in Barclays.
  • Treadmill recalls will cost Peloton Interactive $165 million.
  • Sonova to buy Sennheiser's consumer division.
  • Walmart Health to buy MeMD.